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- LoopNet Team
1560 E Elm Ave
Monroe, MI 48162
Specialty Property For Sale
·
23,230 SF

Investment Highlights
- Own the property and the water rights, across from where the historical Battle of Frenchtown occurred, Full access to Lake Erie
Property Facts
| Property Type | Specialty | Building Size | 23,230 SF |
| Property Subtype | Marina | No. Stories | 1 |
| Building Class | C | Year Built | 1983 |
| Lot Size | 6.24 AC | Parking Ratio | 1.59/1,000 SF |
| Zoning | WC | ||
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | C |
| Lot Size | 6.24 AC |
| Building Size | 23,230 SF |
| No. Stories | 1 |
| Year Built | 1983 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | WC |
Amenities
- Signage
- Waterfront
About 1560 E ELM AVE , MONROE, MI 48162
Marina with direct deep-water access to Lake Erie for sale just in time for Summer! Real estate (two parcels – 1560 E. Elm/1741 E. Front), business, fixtures, equipment & a billboard land lease included. 1800 ft. water frontage on Elm Ave. and 600 ft. water frontage on Front St. 200 water slips (50 @ $450, 75 @ $650 & 75 @ $950), 256 indoor racks ($33/lineal ft.) in two buildings totaling over 43,000 sq. ft. Capable of storing 350 boats indoor during Winter ($3.25/sq. ft.). Many outdoor racks available for outdoor Winter storage as well ($1.75/sq. ft.). Gasoline services are onsite. 3,200 sq. ft. (currently unused) store/showroom/restaurant/workshop. Onsite living quarters (576 sq. ft.). Bait shop and fish cleaning outfit on Front St. parcel. One TraveLift (15-ton cap.) and two marine forklifts (9-ton cap. & 14-ton cap.). Bath/shower facilities for customers. Adjacent bike trail (Heritage Trail) leads to Sterling State Park, a very popular bar/restaurant and within walking distance to the River Raisin National Battlefield Park, where the Battle of Frenchtown occurred. Currently offers general repairs and maintenance on boats but there is ample opportunity for growth and expansion, as fiberglass and canvas/upholstery work are outsourced. There are additional ancillary parts of the marine business (hauling, shrink-wrapping, etc.) that make the opportunities limitless! A motivated seller whose willing to aid in the transition process. Land developers, Google “River Raisin Master Plan” and see the opportunities that surround the immediate area. Please do NOT approach employees or customers regarding the sale. This is an amazing investment.
Property Taxes
| Parcel Number | 55-59-01895-002 | Improvements Assessment | $427,460 |
| Land Assessment | $89,840 | Total Assessment | $517,300 |
Property Taxes
Listing ID: 11745394
Date on Market: 2/27/2018
Last Updated:
Address: 1560 E Elm Ave, Monroe, MI 48162
The Monroe Specialty Property at 1560 E Elm Ave, Monroe, MI 48162 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
